Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Indian Government Boosts Jute Industry with Incentive Scheme, Anti-Dumping Duties, and Subsidies to Enhance Growth.</h1> The Indian government is pushing for the modernization of jute mills and MSME units producing jute diversified products through the National Jute Board's Incentive Scheme for Acquisition of Plant Machinery. This scheme offers a 20-30% reimbursement on new machinery costs, with a cap of Rs. 2.50 crore per unit. From 2014-19, Rs. 4933 lakh was disbursed to support these upgrades. The government has also implemented anti-dumping duties on jute imports from Bangladesh and Nepal, boosting domestic demand. Additional initiatives include the Jute Packaging Materials Act, technical textile inclusion, and various subsidies and support schemes to enhance the jute industry's productivity and market reach.